Crypto Funds Rake in $785M in One Week—BTC and ETH Gobble Up 90%
Wall Street’s latest love affair with crypto just hit a fever pitch. Digital asset funds hauled in $785 million last week—the highest inflow since the 2021 bull run. Bitcoin and Ethereum vacuumed up 90% of the cash, leaving scraps for altcoins. Guess the ’diversification’ memos got lost in transit.
Institutional players keep doubling down despite SEC saber-rattling. Bitcoin products alone saw $620 million inflows—proof that BlackRock’s ETF army still marches to the sound of laser eyes. Ethereum grabbed $123 million, while Solana and Cardano split a meager $12 million like kids fighting for birthday cake crumbs.
The real kicker? This surge came during a week when macro hedge funds were busy shorting Treasury bonds into oblivion. Nothing like watching traditional finance get squeezed while crypto quietly reloads its war chest.
Ethereum Gains Momentum While Solana Sees Minor Setback
Ethereum emerged as a key driver of last week’s fund flows, attracting $205 million in inflows. This marks a strong recovery for the network and brings Ethereum’s year-to-date total to $575 million.
CoinShares head of research, James Butterfill attributes the recent investor interest to the successful deployment of the Pectra upgrade and the leadership changes at the Ethereum Foundation, including the appointment of Tomasz Stańczak as co-executive director. These developments appear to have renewed investor Optimism around Ethereum’s technical roadmap and long-term viability.
Bitcoin remained the dominant asset in terms of overall inflows, pulling in $557 million during the week. However, this figure represents a slight decline from the prior week’s activity, possibly influenced by hawkish commentary from the US Federal Reserve regarding interest rate policy, according to Butterfill
Additionally, short-Bitcoin investment products saw their fourth consecutive week of inflows, totaling $5.8 million. This suggests that some investors remain cautious, hedging their exposure amid continued price fluctuations.
While most major digital assets saw positive movement, solana was the only listed exchange-traded product (ETP) to record net outflows, with $890,000 exiting the market. This could reflect profit-taking following its earlier price surge or changing investor sentiment in response to recent developments within the Solana ecosystem.
Asia Shows Renewed Interest As Regional Trends Diverge
James Butterfill, noted that the current year-to-date figure represents a full recovery from the nearly $7 billion in outflows experienced during the February–March correction. This rebound highlights a resurgence of investor confidence in the digital asset sector. However, fund flows varied widely by region, suggesting sentiment remains mixed across global markets.
Notably, the United States led with $681 million in inflows, followed by Germany with $86.3 million and Hong Kong with $24.2 million, marking its largest inflow since November 2024.
Sweden on the other end saw $16.3 million in redemptions, while Canada and Brazil recorded $13.5 million and $3.9 million in outflows, respectively. Butterfill suggests these discrepancies may reflect differing investor timelines, access to spot ETF products, or regulatory climates.
Overall, the steady return of institutional capital into digital asset funds indicates growing acceptance of crypto as a mainstream asset class. With ethereum leading the rebound and regional interest shifting, the coming weeks will likely provide further insight into how macroeconomic policies and blockchain-specific developments influence capital allocation across the crypto market.
Featured image created with DALL-E, Chart from TradingView
